Expansion in Brazil
AMAGGI acquires ‘O Telhar Agro’ Group in Brazil and increases production capacity
AMAGGI is expected to increase its agricultural production capacity by approximately 34% with the incorporation of the ‘O Telhar Agro’ Group’s operations in Brazil. This estimative is based on the addition of 62 thousand hectares to the entire company’s productive area – for first and second harvests – with the consolidation of the acquisition, approved without any restriction by the Economic Defense Administrative Council (Cade) in March.
The ‘O Telhar Agro’ Group operates, in Brazil, on 14 farms located in the State of Mato Grosso, producing soybeans, corn, and cotton. Among the assets acquired from ‘O Telhar’, which employs circa 900 employees, are more than 34 thousand hectares of production areas on company-owned farms and over 28 thousand hectares on leased areas. Two of the units also have circa 900 hectares dedicated to livestock (feedlot).
Some of these farms have storage structures and cotton processing plants. Also, the group-owned farms have over 10,000 hectares of legal reserve, with native vegetation and preserving natural resources.